Wealth Management
Top stories summarized by our editors
5/22/2017

Advisors were challenged at a conference to use texting more to sustain and further client relationships. However, they were cautioned texting must comply with regulation.

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text messaging
5/22/2017

The Federal Reserve may find it difficult to retreat from its expanded influence over financial markets even as it works to scale back its stimulus, analysts say. Changes in money markets and regulations have made the Fed more integral to the industry, they say.

5/22/2017

Employers offering 401(k) retirement plans have paid out an estimated total of $400 million in lawsuits since 2006, according to legal filings analyzed by FT Ignites and the Financial Times, resulting in downward pressure on asset management fees.

5/22/2017

A recent survey shows a rise in the number of adult children staying with their parents, and an increase in cases of adults returning to the parental home for various financial reasons, which can hamper parents' own retirement plans. The phenomenon has prompted advisors and counselors to urge parents to talk frankly with their offspring, establish clear financial ground rules and insist on their contribution to the household budget.

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CNBC
5/22/2017

Jackson National Life Insurance's sales hit $647 million in the first quarter, up more than 37% from the same quarter last year. The company, a major provider of annuities in the US, said it expects the Labor Department's new fiduciary rule to play to its advantage, making it easier for Jackson National to sell variable annuities through advisors.

5/22/2017

The Labor Department's new fiduciary rule is expected to prompt the creation of new lower-cost share classes and put pressure on financial firms to cut fees, industry experts say.

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Labor Department
5/22/2017

The plethora of digital tools available to advisors offers many choices, but selecting the ones that best fit your business can be a challenge. James Capps, chief technology officer at Trust Company of America, offers 10 tips to help advisors purchase the right technology for their firm.

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WealthManagement
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Trust Company of America
5/22/2017

Korea Exchange will introduce a website next month that serves as a resource for short-selling information, with a beta version launching today. "Investors' attention to short-selling is high, but they have suffered limited access to short-selling-related information," according to the exchange.

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Korea Exchange
5/22/2017

The Preqin All-Strategies Hedge Fund index shows April was the sixth straight month of gains, with only macrostrategies experiencing a decline. Emerging markets are leading the upturn, rising 6.6% this year and having record-high assets under management of $205.8 million, per Hedge Fund Research.

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Hedge Fund Research
5/22/2017

The European Commission is scheduled June 7 to outline an action plan for a revised capital-markets union as the UK prepares for Brexit. Among expected changes is streamlined passporting for cross-border fund selling because "we can no longer count on liquidity pools in London," EU official Ugo Bassi says.

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Reuters